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...This administration, I think, was traumatized by 9/11...they were swept away by the notion that we could solve the problem in this difficult region by moving in and taking out Saddam [Hussein] and creating a democracy that could spread to the rest of the region,” he said...

Author: By Manning Ding, CONTRIBUTING WRITER | Title: Scowcroft Speaks On U.S. Image | 10/30/2008 | See Source »

...calm investors, the Financial Times published an influential story revealing an ongoing investigation into hedge funds trying to destabilize the country. Last month, the liquidity freeze made it impossible for Glitnir to roll over its short-term debt, as the krona suddenly depreciated and interest rates soared. Fear rapidly spread to the United Kingdom and the rest of Europe, where residents had deposited billions in the other two Icelandic banks attracted by their high interest rates. Amidst the banking run that immediately followed, the British government transferred authority over an Icelandic subsidiary in the UK, and then sold...

Author: By Pierpaolo Barbieri | Title: Gone With the (Arctic) Wind | 10/29/2008 | See Source »

...telegrams traveling across the country tripled. The ticker tape ran so far behind the actual transactions that some traders simply let it run out. Trades happened so quickly that although people knew they were losing money, they didn't know how much. Rumors of investors jumping out of buildings spread through Wall Street; although they weren't true, they drove the prices down further. Brokers called in margins; if stockholders couldn't pay up, their stocks were sold, wiping out many an investor's life savings in an instant. So many trades were made - each recorded on a slip...

Author: /time Magazine | Title: The Crash of 1929 | 10/29/2008 | See Source »

...McCain has poured money and energy into the state in the final weeks, spending three critical days in mid-October here and hammering Obama as Barack the Redistributionist, an old-fashioned tax-and-spend liberal who wants to "spread the wealth around" and can't be trusted on national security. McCain was back in Pennsylvania earlier this week, while Palin arrived for a series of appearances on Tuesday. Both are likely to visit again before Election Day. "It's wonderful to fool the pundits, because we're going to win in Pennsylvania," McCain told supporters in Hershey on Tuesday...

Author: /time Magazine | Title: How McCain Thinks He Can Win Pennsylvania | 10/29/2008 | See Source »

Compare, for instance, how apps spread on Facebook: When a user installs an application, that action is communicated to his friends via a news feed. That won't happen on LinkedIn. And likewise, if you recommend a book to one of your LinkedIn contacts via the "Reading List by Amazon" application, the contact doesn't need to install the Amazon app to get the recommendation...

Author: /time Magazine | Title: LinkedIn: The Site That Likes a Bad Economy | 10/28/2008 | See Source »

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